TheUpTrend.com Announces That it Has Initiated Technical Coverage of Hillsborough Resources Limited (HLB:TSX)

- The current long term trend is up.
- This current up trend would come to an end, only with a weekly close below $.80.
- Current Long Term Price Support is at $.78, and then $.59.
- Current Long Term Price Resistance is at $1.17, and then $1.37.
- This stock has recently seen daily Panic Buying, indicating a reversal is likely.
- Major Long Term Support for this stock can be found in the $.58 - $.68 area.
- The Pros are still in control of the price for this stock, on both a daily and weekly basis. This is a bullish chart indicator.

This analysis is based on closing data for the week of December 17, 2004. It will change as time passes, and when new price data becomes available.

Company Profile
Hillsborough, a Canadian based coal mining company, operates the Quinsam Coal Mine located near Campbell River, British Columbia, and is developing a number of other coal-based projects including the Bingay Creek metallurgical coal property and coal bed methane exploration in its freehold coal beds.

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